Karachi: Pakistani stocks ended marginally higher on light trading yesterday because of investors' uncertainty over a capital gains tax on the stock market due to be imposed July 1, dealers said.
The KSE benchmark 100-share index rose 0.18 per cent, or 16.91 points, to end at 9,662.62.
Volume was 66.95 million shares, compared with 134.42 million shares traded on Friday.
In its budget for the 2010-11 fiscal year, the government announced that a capital gains tax of 10 per cent would be imposed on stocks held for six months or less and 7.5 per cent on stocks held between 6 months to a year.
Dealers said the government had previously agreed with the exchange that the capital gains tax would be levied only on profits made from the start of the 2010-11 fiscal year on July 1.
